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20121222
20121222
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family arrived in hawaii just a short time ago. the president and lawmakers are expected to return thursday after the christmas break. before leaving washington, mr. obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten days left until automatic tax hikes and spending cuts do take effect. the s&p 500 and the nasdaq finished in some negative territory for the day. investors fear the country could slide back into recess
to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of american taxpayers while we still avoid coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for the larger reform. so if we're looking for specific details here, not a whole lot of them. this is coming up with almost an emergency solution. we know that president obama did speak by phone with speaker john boehner yesterday, met at the white house with democrat harry reid. however, publicly what is being
this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say republicans will maintain their focus on reaching a deal. >> i have challenged the members of our party to grapple with these issues, to make choices and we are willing to because washington has a serious spending problem. this was the year of the size our debt, all 16 trillon dollars of it passed the size of our economy. it's a grim milestone. >> both sides continue to blame the other for not compromising. with no agreement the budget cuts and tax hikes will go into effect january 1st. >> it's more likely than ever that eastern and gulfports will be shut down by a strike. nearly 15,000 dock workers at ports from boston to houston are ready to wa
obama and his family have stepped off air force one for a holiday in hawaii. first family arrived there a couple hours ago. before they left they recorded their holiday address from the white house. the theme -- joy to all including the joy of giving. >> here that is especially true for some of our military families. the war in iraq is over. the transition in afghanistan is under way. after a decade of war, our heroes are coming home. all across america, their families are reunited. for this week, let's give thanks to our veterans and families. let's say a prayer for all our troops especially those in afghanistan. >> our military families sacrifice so much on our behalf. we believe we should serve them as well as they serve this country. >> the republican holiday wish given by john boehner is that both parties can come together and form a deficit cutting agreement that protects families and small businesses. >>> if you had a chance to talk to president obama, what would you ask him? students from schools around the bay area are writing him letters sharing hopes for the future. edu
is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class amer
flee the break that's next. just before departing for his annual holiday vacation in hawaii, president obama leaders to take action on crisis. karin caifa reports from washington, where members of congress have also left town. >> good afternoon, everybody. >>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: th
. the family is currently in hawaii for the christmas holiday. john boehner and deliver the republican address. he talked about efforts to reach agreement with the president on the so-called fiscal cliff. >> this weekend as to gather with family and friends, michelle and i wanted to wish you a merry christmas and happy holidays. >> we both love this time of year, and there's nothing quite like celebrating the holidays at the white house. it is an incredible experience, and when we tried to share with as many folks as possible. this month, more than 90,000 people will come through the white house to see the holiday decorations. our theme for this year's holiday season was a joy to all, a reminder to appreciate the many joys of the holidays. the joy of giving, the joy of service, and the joy of homecoming. >> this weekend, parents are picking up their kids from college and making room for all the laundry they bring with them. children are counting down the hours until the grandparent's arrive. goggles, aunts, cousins are making their way to join the family ensure in the holiday spirit. >> that i
Search Results 0 to 6 of about 7